The generous investment incentives make Ireland an incredibly attractive location for company incorporation. In addition to the beneficial tax regime, the country is well situated geographically for trade between Europe and the US. Ireland also has an advanced telecommunications network and is considered to be a global e-commerce hub, facilitating global online business.
Universal Company Incorporations has the expertise in Irish company formation to ensure your incorporation runs efficiently. We will help you meet your business objectives by establishing a secure corporate structure in Ireland from which your business can professionally operate as well as maximise the available benefits and potential Ireland offers.
The 12.5% Corporation Tax Rate in Ireland– Are you Eligible?
Company Set Up Options
Ireland offers a range of company forms for all types and sizes of business. There are four main forms, each with different share capital and management requirements. These include:
- Private Limited Company (Ltd)
- Public Limited Company (PLC)
The overall regulatory environment in Ireland is relaxed, with streamlined procedures making company formation and operation easy. A single body, the Irish Financial Services Regulatory Authority, regulates all financial controls and there are no general restrictions to foreign ownership. There are also no limitations on the repatriation of capital and dividends, and the extensive network of bilateral tax treaties that Ireland has worldwide prevents double taxation
Banking Facilities and Financial Incentives
There is full provision of banking facilities in Ireland. All the major international banks are represented, with availability of commercial lending and foreign exchange facilities. Corporate entities can also make use of foreign exchange and hedging. A local Irish bank account is required during incorporation.
Ireland is incredibly generous in terms of financial incentives, with a huge range available for all types of new businesses. The main incentive is the Corporate Tax exemption until 2014 for start-up companies in Ireland, and a reduced rate of 12.5% in general. There are also employment and training grants to promote job creation, Research and Development grants, and capital grants provided to help with the cost of land, buildings, plant and equipment.
The economic boom Ireland experienced has significantly reduced the national unemployment rate, making recruitment of workers difficult for new companies. The available workforce, however, is well educated and skilled. The Irish recruitment sector also remains strong, so working with a local agency when hiring workers will help you find the best people for your business.
Universal Company Incorporations is always on hand to guide you through all of the stages of forming a new enterprise or expanding an existing company in multiple countries. Please don’t hesitate to call us on +44 (0) 208 421 7471 or contact us via the website for help and advice.